HORNE TIMOTHY P 4
Research Summary
AI-generated summary
Watts Water (WTS) 10% Owner Timothy P. Horne Sells 7,500 Shares
What Happened
- Timothy P. Horne, reported as a 10% owner of Watts Water Technologies, sold 7,500 shares on February 20, 2026. The weighted average price reported was $330.04 per share, for proceeds of approximately $2,475,300. The filing lists the transaction as an open‑market or private sale (code S).
Key Details
- Transaction date: 2026-02-20; filing date: 2026-02-23 (timely filed).
- Price: weighted average $330.04; sale prices ranged from $330.00 to $330.90 (per footnote).
- Proceeds: ~$2,475,300 for 7,500 shares.
- Post-transaction holdings: not specified in the provided excerpt; the filing notes the shares were held in a revocable trust of which Horne is sole trustee and beneficiary.
- Footnotes: F1 clarifies the reported price is a weighted average across multiple trades and the reporter can provide per‑trade breakdown on request; F2 states shares were held in a revocable trust.
- Remarks: filing includes a power of attorney reference (powerofattorneyhorne.txt).
Context
- This was a sale by a 10% owner rather than an executive/office-based trade; such sales can be routine (liquidity, portfolio management) and don’t necessarily signal company outlook. Purchases generally carry more indicative weight for positive insider sentiment; this filing is purely a disposition report and does not include any derivative exercises or awards.